FKLI
FKLI Spot Month Futures - 21 May 2025
Wed, 21-May-2025 08:53 am
by Dealing Team • Apex Futures

FKLI
Pivot
1551
Resistance
1556 / 1562 / 1567
Support
1551 / 1545 / 1539
Possible Range
1535 to 1565
Strategy
Long positions may be opened above 1556 with targets at 1562/1567 and stop-loss at 1551
Short positions may be opened below 1556 with targets at 1551/1545 and stop-loss at 1561

FKLI May month dropped 5.5 points or 0.35% to closed lower at 1547.5. The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract closed lower on Tuesday, mirroring the decline in the underlying cash market.

Overnight Dow Jones dropped 114 points to closed lower at 42677. U.S. stocks declined on Tuesday, snapping a six-day winning streak for the S&P 500, as rising Treasury yields and concerns over the U.S. sovereign debt profile weighed on market sentiment

The actively traded FKLI contract closed lower in the previous session. From a broader perspective, the index remains within a downward channel and has recently broken recently broken below a new support zone at 1562–1560, which now serves as important resistance range. We maintain a sell-on-rebound strategy, where a retracement toward the 1556-1557 resistance zone may offer selling opportunities. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1551 and 1556, respectively.

(News Source: The Star; Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.061877 4.094367
EUR 4.778623 4.788197
CNY 0.579532 0.580122
HKD 0.522115 0.526303
SGD 3.147144 3.172563